We are the only domestic ocean cruise operator in India as of December 31, 2024 (Source: CRISIL Report), offering luxurious and inherent Indian experiences. We believe this enables us to set industry benchmarks, foster brand loyalty, and establish pricing standards, thereby strengthening our market presence and creating a strong competitive position. We currently operate a cruise vessel, the ‘MV Empress’, and since our launch, 5,49,051 guests have sailed on our cruise vessel, which has covered more than 2,25,079.53 nautical miles along the Indian coastline and surrounding islands as of December 31, 2024. In Fiscal 2024, we accounted for approximately 65% of the market share in value terms. (Source: CRISIL Report) Our cruise vessel primarily sails to domestic destinations such as Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam (Andhra Pradesh), and Puducherry. We also offer international itineraries, including Hambantota, Trincomalee, and Jaffna (Sri Lanka) and have also sold cruise tickets for our first-time sail to destinations such as Phuket (Thailand), Singapore, Kuala Lumpur and Langkawi (Malaysia). Our itineraries are designed to showcase India’s coastal regions and cultural heritage, providing guests with an enriching travel experience and establishing ourselves as the go-to choice for luxury and cultural cruising. Our cruise vessel ‘MV Empress’ offers a variety of cabin options, including one chairman’s suite, five suites, 63 mini suites, 416 ocean-view staterooms, and 311 interior staterooms, totaling 796 cabins, with prices ranging from ? 25,230 (interior rooms) per night to ? 115,536 (Chairman suite) per night, subject to dynamic pricing and load factor considerations.
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 75% | 57,05,461.5 crores |
| Non-Institutional Investors (NIIs) | 15% | 11,41,092.3 crores |
| Retail Individual Investors (RIIs) | 10% | 7,60,728.2 crores |
Waterways Leisure Tourism’s total income 452.15 by -24.35% and total expenses 0.00 by 0.00%, resulting in an EBITDA 111.15 by -48.41% and a profit after tax (PAT) -122.73 by -172.97% between March 31, 2025 and March 31, 2026.
452.1531 March 2026 | 597.6831 March 2025 | 586.9931 March 2024 |
111.1531 March 2026 | 215.4631 March 2025 | 117.4831 March 2024 |
-122.7331 March 2026 | 168.1931 March 2025 | 52.1431 March 2024 |
597.68
538
478
418
359
299
239
179
120
60
0.00
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 29 Jun '26 | 01 Jul '26 | 30 Jun '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 76,07,282 shares (aggregating up to ₹14,544 crores) |
| Fresh Issue | 0 shares (aggregating up to To be announced) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 99.27 shares |
| Post-Issue Shareholding | 89.35 shares |
| Minimum Lot Size | 18 shares |
| Maximum Lot Size (Retail) | 612 shares |
The lot size of Waterways Leisure Tourism ipo has been designed to ensure broad participation while maintaining optimal price discovery.
A-1601 Marathon Futurex N M Joshi Marg Lower Parel (East) Mumbai
MUFG Intime India Pvt.Ltd.
| Book Running Lead Manager(s) |
|---|
| Centrum Capital Ltd |